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. mitt romney of course give a concession speech last night in boston. years a portion. [video clip] >> i believe in america. i believe in the people of america. [applause] and i ran for office because i am concerned about america. this election is over, but our principles and door. i believe that the principles upon which this nation was founded are the only sure guide to a resurging economy and renew greatness. like so many of you, paul and i have left everything on the field, we have given our all to this campaign. [applause] i so wish that i had been able to fulfill your hopes to lead the country in a different direction, but the nation chose another leader. so ann and i join with you to pray for him in leading this country. you guys are the best. thank you so much. a thank you. thank you, guys. host: and as we continue to take your calls on c-span this morning we will go to henry on our line for democrats in michigan. good morning to you. caller: good morning. you know, this is a glorious morning. and i feel really sorry for the lady in florida. and that guy in new jersey who of just
in the "boston globe." here is what warren rudman says, "frankly, i blame the american people as much as congress. they talk a great game. they are against deficit spending as long as it did not affect anything but the benefit from." guest: that is true. that is the basic problem with democracy. there is something called fiscal illusion. economists have written about this for decades. people would rather see tax cuts and then maintain current spending or higher spending even if that leads to deficits. that forces future generations, future taxpayers to foot the bill. that is irresponsible behavior. that is where we got to where we are at, unsustainable spending. we cannot raise taxes enough to pay for the spending that we have written into law at this point. we have to come to terms with this basic problem of democracy. we cannot both have all the spending we want and not pay for taxes. -- not pay for it in taxes. host: seth hanlon, last year you tied in the unemployment benefits argument with the payroll tax in an article let you wrote. unemployment benefits are due to expire as well as the end
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